Registered Representative Salary

For Registered Representatives, annual average wages total $41K per year. Most Registered Representatives like their work and job satisfaction is high. Medical benefits are awarded to a fair number, and more than half earn dental coverage. Women make up a slight majority of Registered Representatives (52 percent) survey respondents. The data in this summary comes from the PayScale salary survey.

$31,975 - $70,469
(Median)
$32K
$41K
$70K
MEDIAN: $40,952
10%
50%
90%

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$12.48 - $21.66
(Median)
$12
$17
$22
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Salary
$31,975 - $70,469  
   
Bonus
$967 - $9,946  
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,095 - $68,228  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 98
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$12.48 - $21.66  
   
Overtime
$20.35 - $30.65  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$967 - $9,946  
   
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,095 - $68,228  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 24
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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Registered Representatives, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Workers with less than five years' experience earn around $41K on average, and those who have five to 10 years under their belts see a higher median salary of $50K. Registered Representatives who work for 10 to 20 years in their occupation tend to earn about $56K. Seasoned veterans with 20 years under their belts enjoy a median income of $72K.

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Experience Affects Registered Representative Salaries

Late-Career
up arrow 63%

Experienced
up arrow 27%

Mid-Career
up arrow 13%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
4%
1-4 years
56%
5-9 years
20%
10-19 years
12%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 67%
vision benefits Vision: 58% employee benefits None: 18%
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